Mises Wire

Not-So-Modern Monetary Theory

Money and Banks

Blog10/08/2019

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

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Negative Interest Rates: How Low Can They Go?

Money and BanksMoney and BankingPolitical Theory

Negative rates can work because the opportunity cost of holding physical cash is not zero. Abolishing large banknotes further increases the cost.

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